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Letter Re: Recommendation for the Novel "Full Faith and Credit"
Mr. Rawles,
As I watch the meltdown of the Carlyle Fund, of Bear Stearns, and of the credit
and derivative markets in general, I am constantly surprised at the the parallels
of what I watch happening (via CNBC) with what happens in the novel, "Full
Faith and Credit: A Novel About Financial Collapse", by James R. Cook.
[In his novel] huge hedge funds fail, and because they have huge counter-party
exposure, the government has no choice but to bail them out. The government
pumps money
into the markets, causing commensurate inflation. And, as we are seeing in
reality, the public gradually recognizes that precious metals are the only
safe store of value and purchasing power.
In Cook's novel, the calamity is initiated by rapid slide in the stock market.
In our reality, it is the credit and derivative markets are failing, catalyzed
by the failing real estate markets that are causing the recent problems. The
book does not take the scenario into such a complete grid-down environment
as in your book, and foreign currencies and precious metals are the antidote
in "Full Faith and Credit" where bullets and beans are the means
of survival in your novel "Patriots:
Surviving the Coming Collapse" I've
read both books, and taken from each in preparing myself and my family for
the future.
In this mess we are in, may the innocents (John Q. Public) be blessed and
protected, and may the greedy, amoral thieves of Wall Street that have profited
so handsomely
from these financial shenanigans pay for their moral hubris -- very publicly.
- Tango in Utah
